Indian Financing Act of 1973: Economic Development of Indigenous Communities, 1967-01-01 - 1974-12-31

Item — Box: LG 67, Folder: 23

Identifier: CAC_CC_009_2_67_23_0027

Staff Only

Indian Financing Act of 1973: Economic Development of Indigenous Communities, 1967-01-01 - 1974-12-31

The Indian Financing Act of 1973 was introduced in the House of Representatives to provide capital on a reimbursable basis to help develop and utilize Indian resources. The Act aims to improve the standard of living for Indians, integrate them into American life, and provide economic assistance through a revolving loan fund. Loans can be made for various purposes, with repayment terms not exceeding thirty years and interest rates determined by the Secretary of the Treasury. The Secretary has the authority to cancel or adjust loans that are deemed uncollectable.